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OG&E and Google Announce Contract for Three Data Centers in Oklahoma

LCG, April 30, 2026--OG&E, the operating subsidiary of OGE Energy Corp., announced today that it will power three new data centers that Google announced in Muskogee and Stillwater, Oklahoma last year. As part of the agreement, Google will also make power generation capacity available from two solar facilities in Stephens and Muskogee Counties that are currently under construction. The data centers and associated Electric Service Agreements are expected to provide economic growth for local communities and the state, contribute to grid stability, and benefit OG&E's current customers.

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Graphic Packaging and NextEra Energy Resources Sign 250-MW Virtual Power Purchase Agreement

LCG, April 29, 2026--Graphic Packaging Holding Company today announced a virtual power purchase agreement (VPPA) with NextEra Energy Resources, LLC. With the VPPA agreement, NextEra Energy Resources plans to build the Selenite Springs Energy Center, a 250-MW solar energy facility in West Texas, and Graphic Packaging will be the sole buyer of the facility's renewable energy attribute certificates. Graphic Packaging, a global provider of sustainable consumer packaging, expects the agreement to cover approximately 43 percent of its 2025 electricity usage in the U.S. and Canada. The agreement will advance Graphic Packaging's commitment to source renewable electricity and reduce its greenhouse gas (GHG) emissions.

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Industry News

SoCal Ed 'Bailout' Dying a Slow Death

LCG, Aug. 21, 2001--When California Gov. Gray Davis announced last April that he had arranged a deal with Southern California Edison Co. for the state to purchase the utility's transmission assets for $2.76 billion and thus provide SoCal Ed with money to pay some of its enormous debt, there were a couple of important conditions.

One, the deal had to be done by August 15, and two, the arrangement agreed to between the governor and the company were not subject to alteration. The governor even got into a shouting match with a lawmaker over the second provision, with Davis using language that would make a sailor blush.

The deadline came and went with the state legislature on its summer recess, but SoCal Ed, grasping at straws as bankruptcy stares it in the face, said it would wait until the lawmakers returned.

Today, Davis is expected to offer a "compromise" plan to the Assembly Democrat caucus that SoCal Ed may find hard to swallow.

Gone would be the deal to buy the utility's transmission system, though it would remain an option. In place of the $2.76 million, the state would allow SoCal Ed to issue up to $2.9 billion in revenue bonds -- tax exempt bonds guaranteed by the company's future collections from ratepayers -- and use that money to pay some of its bills, but the state would say which bills.

SoCal Ed would use some of the bond proceeds to pay off so-called "qualifying facilities," independent power producers created by the national Public Utility Regulatory Policies Act of 1978, but not the independent power producers who purchased generating facilities belonging to the state's investor-owned utilities. The company would have to find its own resources to pay the $1 billion it owes the latter.

The "compromise" aligns the utility's "rescue plan" with legislation passed last month by the state Senate and dismissed at that time as "unacceptable" by Southern California Edison. But it has been passed by the Senate and shows signs of progress in the Assembly.

And that looks as though it is as close as Davis is going to get to his original agreement with SoCal Ed.

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